Mrs Ojuolape Medua, 40 was on Monday arraigned before a Tinubu Magistrates’ Court for alleged fraud of N6.1million.
Medue, who is facing a four-count charge bordering on conspiracy, fraud and theft pleaded not guilty to the allegations of defrauding her friend of N6.1million under the pretence of helping her to invest the money.
The prosecutor, ASP. Haruna Ibrahim, told the court that the defendant committed the offences between 2007 and 2019 at Suna Magaji Street, Ilupeju, Lagos.
He said the defendant, who was operating an illegal company called Brotal Enterprises, with intent to defraud people claimed that the company dealt in agricultural produce trade.
He added that Medue collected the sum of N6.1million from her friend, one Mrs Modinat Kosoniola, with the promise of investing it.
The Magistrate, Mr A.A. Paul, granted the defendant bail in the sum of N500,000 with one surety in like sum.
He adjourned the case until May 5 for mention. (NAN)